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Competitive Analysis

Pay Per Minute

Unlike other solutions, with EasyPark customers, pay for the exact time parked. When using other platforms such as parking meters, pay-and-display machines and some mobile phone applications, customers need to purchase a "block" of time in advance even if they end up not using all of it. An EasyPark customer simply shuts the device when returning to the car, therefore paying only for the time used.

Enforcement

With EasyPark, enforcement becomes an efficient and effective task. Parx offers two enforcement options:

  • Electronic inspection is done using a Hand Held Terminal (HHT) which securely communicates with the device through Radio Frequency communication. The HHT captures all inspection events which are later uploaded to the back office system during  synchronization. This allows authorities to reward inspectors "Positively" by the number of inspected vehicles instead of "Negatively" by the number of issued fines.
  • Visual inspection - the inspector merely takes a look at the device LCD display which shows whether it is legally parked.

With both options, there is no need to use costly online communication with back-end systems in order to validate the parking.

Collection of funds - A Cashless solution 

Collecting cash and coins from meters and machines is time consuming, costly and highly exposed to fraud. Using EasyPark, all parking fees are securely transferred electronically saving high operating expenses to the municipality and  parking operator.

No capital investment

EasyPark system setup does not require capital investment in meters, machines, network infrastructure, special signage or road construction. .

Low cost of ownership

Unlike Pay and display systems or single space meters that require maintenance and suffer from vanadalism adding up to more the 20% of the collected parking fees , the Easy Park product line requires no routine maintenance significantly increasing net revenues 

Personal Privacy

The EasyPark device can be used anonymously unlike mobile phone payment which requires registration and personal information disclosure.